Apple has more cash in the bank than the U.S. Treasury has left to spend

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If you’ve watched the news at any point over the past couple of weeks you can’t fail to have heard about the U.S. debt ceiling. If no compromise and agreement is reached by the U.S. government, that debt ceiling will be hit at some point next Tuesday.

What has been pointed out yesterday afternoon is the unlikely comparison of the severity of the cash shortage compared to the success of U.S. company Apple. Apple now has more cash in the bank than the U.S. Treasury has left to spend. The totals sit at $73.768 billion for the Treasury and $75.876 billion for Apple.

Apple is certainly in the better position as their total is actually money in the bank. The U.S. Treasury on the other hand has that amount of debt left to use–it’s a negative number.

While the comparison is certainly an attention grabber, it does highlight that even in tumultuous economic times there are companies that can weather the storm and be successful. The U.S. government is going to be dealing with the economic crisis for many years to come, where as Apple is laser-focused on refining its products and getting everyone deciding to spend what little free cash they have on Apple gadgets and feeling good about it in the process.

The good news for Apple looks set to continue. Their share price has gone past $400 and the future looks very positive, especially if the iPhone 5 does appear this year. Apple may even become the largest company on the planet one day. It currently sits in second place with a market capitalization of $363.35 billion, while Exxon Mobil is still top with around $417.166 billion.

Speak Your Mind

so is apple officially bigger than microsoft? and i wonder what google’s net worth is

Anonymous

Apple passed Microsoft in market cap value like a year ago, and in earnings this year.

Anonymous

Love him, or hate him …. Steve Jobs is perhaps the greatest CEO who has ever lived.

Founded Apple, Founded NEXT Computer (which was later rolled into Apple), Founded Pixar

Took a company near bankruptcy, and made it market behemoth

Dominated with iPod, then iPhone, then iPad – created a product line that people eagerly line up to purchase.

Love him, or hate him – you can’t argue with the results he gets.

Diamonddgrier

Chewie is on it, and it is all marketing. Companies are value different. In past time a person or companies values are subtracted by it liability you get it net worth.

Under a fiat money system since they print money out of thin air anyone can say what the worth is, and the same is for statistics. They are bought and sold.

Macy’s can say that they gossed 1 billion in the summer of 2011, but what macys don’t tell you is that there clothes are given on a 120 day net. So yes they grossed that on paper but the liabilities are not deducted they proably made 375 million.

Also, you must understand is that marketers know if they can allure you into thinking that is so than all is well. But because this is what I do, and I’m here to say it is a lie.

Apple made more money on ripping people off than anything.

If you calculate the software insurance, Itune apps in which my opion is that if a artist put there song up than Itunes get a precentage. Well this is a rip off because if you understand about companies in which they say that they will never sell your information this is what they do so this is the reason that they get you to sign the agreement before you sign-up. Other companies just give them away to a affiliate in that way they want sell it.

Itunes, Insurance, Applecare, Phone Ads, is where apple makes its money from not the phones.So when they say apple made 3 billion the marketing company want you to believe they made it off the phone this is the reason they embedded it in article that deal with tech and phones.

They deceive people with the lies. Google has some of the most advance system in the world. Google started just as apple did and although steve is a good business person he play politics also. I never seen google CEO stunting.

The ipone was good when it first came out but now it sucks. They will just be duplicating many others features in which many companies do this. They may not use a 4in. screen until later especially if they have some good software.

So now if they itemized apple total cast come from than you will see the lie.

Diamonddgrier

I forgot apple is always using black people in power. I don’t per say are into politics but if you notice that they should have put the head of treasury dept instead of the President. But they want to sway black people, and they did this in the convention when they played James Brown song, which was a disgrace because you don’t even understand the struggle in which the song was made. Stupid